PVTrans Ride The Waves Reach New Height, Fourth Times Presence in "Top 50 Best Listed Companies in Vietnam 2024"


PVTrans Ride The Waves Reach New Height, Fourth Times Presence in "Top 50 Best Listed Companies in Vietnam 2024"

On 17/06/2024, Forbes Vietnam unveiled its "Top 50 Best Listed Companies in 2024". This is a pivotal occasion celebrating companies that have significantly contributed to the economy. PetroVietnam Transportation Corporation (PVTrans, stock code: PVT) proudly secured its place on this prestigious list for the fourth year, solidifying its position and commitment to sustainable growth.

Forbes Vietnam's "Top 50 Best Listed Companies" list is one of the most prestigious rankings in the business community. Established in 2012, this list reflects the main trends and fluctuations in the economy. Forbes Vietnam uses stringent criteria to evaluate and select companies including revenue growth, profitability, ROE, ROC, and EPS growth from 2019 to 2023. Additionally, Forbes conducts a qualitative assessment to evaluate the sustainable development of businesses, considering their industry position, profit sources, management quality, and industry outlook. Ho Chi Minh City Securities Corporation (HSC) supports quantitative calculations, based on audited consolidated financial statements and market capitalization updated as of 30/05/2024.

The achievement of being named in this prestigious list stems not only from impressive financial figures but also from PVTrans' sustainable development strategy and the determination of its workforce. In the first half of 2024, PVTrans delivered exceptional results, achieving: consolidated revenue exceeds targets by 23%, reaching VND 5.200 billion. Pre-tax profit also surpassed plan by 63%, reaching VND 740 billion. Consolidated contributions to the State budget of VND 220 billion, outpacing the plan by 30%. PVTrans operates a fleet of 52 vessels with a total capacity of 1.4 million DWT, primarily serving international routes, enhance its ability to meet the increasing market demands. PVTrans continues to solidify its leadership in oil and gas transportation sector.

Besides its targets of revenue and profit growth, PVTrans is committed to environmental protection and sustainable development through continuously updating modern technologies, advanced exhaust and wastewater treatment systems, using clean fuels, and strictly adhering to international maritime environmental protection conventions. Therefore, PVTrans has enhanced operational efficiency and minimized negative environmental impacts. This demonstrates PVTrans' strong commitment to protecting the oceans and marine ecosystems.

With a modern and versatile fleet, PVTrans is well-equipped to meet a wide range of maritime needs, fostering long-lasting partnerships with strategic partners. PVTrans' customer network is continuously expanding, including large domestic and international companies/corporations, which reinforces the company's reputation in the global market. The dedicated and innovative workforce consistently strive to achieve common goals, further enhancing PVTrans' success.

The journey ahead for PVTrans promises many challenges. However, with a solid foundation and unwavering commitment, the recognition from Forbes Vietnam serves as a significant motivation for PVTrans to continue advancing further. This will bring sustainable value to shareholders, customers, and society.


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